LONDON'S HI-TECH CHEATS FACE HIGH FINES

The ABI (Association of British Insurers) is supporting new initiatives by Redbridge police to crack down on the number of people who are falsely reporting the theft of items such as ipods and mobile phones.

Anyone who wastes Redbridge police’s time by falsely reporting thefts in order to make fraudulent claims on their insurance policies now faces £80 fines.

The ABI’s list of items most likely to be falsely claimed for by Londoners:
·        Mobile phones
·        ipods
·        Satellite Navigation Systems
·        Laptops
·        Digital Cameras
·        Designer Glasses
·        Designer Handbags
·        Money
·        Jewellery
·        Designer clothes

Chris Hannant, the Head of the ABI’s Financial Crime Team, said:

“Claiming falsely for items such as mobile phones and ipods on insurance policies is fraud. You could be fined by the police, and also find it difficult to get insurance in the future. Bogus and inflated insurance claims cost innocent policyholders over £1.5 billion a year. It is the honest policyholder that pays for insurance fraud.

"If you suspect that someone you know is committing insurance fraud then you can telephone our free and confidential Cheatline on 0800 328 2550."

(News Article courtesy of 'The Association of British Insurers')